(800) 949-0401 
At some point, many businesses find themselves in a situation where they need to seek funding. Maybe they need to get some new equipment, or perhaps they’re experiencing a lapse in cash flow. In any case, they might not always have the capital to cover these costs. Fortunately, there are many options to choose from when shopping for small business loans, but there are even more variables to consider.
As all of us in the business world know, equipment is essential. Sometimes this equipment gets old and wears out, or becomes outdated by newer technology. Unfortunately, equipment can be expensive, and companies may not always have enough capital on hand to purchase or lease it outright. In these cases, equipment leasing can be a useful solution. It can help you acquire new equipment, which can enable businesses to run their day-to-day activities or open up new frontiers when it comes to taking things to the next level. An equipment lease has several different benefits which we’ll discuss later in more detail.
At some point in its existence, a business will need some extra capital. This can be for any number of reasons: a downturn in the industry, a random accident, routine fluctuation, a new marketing campaign, general expansion, replacing worn-out equipment, among many other reasons. If you’re a business owner wondering if you can get financing for your business, and what type to choose, fear not. There are many different types of business loans, and each of them aims to fit a different business need and situation.
It’s no surprise that loans are a popular way for business owners to finance some of their new and growing business’s expenditures, but sometimes, they may not want to provide collateral for those loans. Fortunately, there are a few ways to acquire a loan without collateral. There are some loans you can apply for by only providing a personal guarantee or a UCC lien.
Equipment is essential no matter which industry you’re in. No matter what your business does, whether it’s an auto shop or an advertising agency, you’re going to need it. Maybe a cafe needs a new espresso machine or an insurance company’s regional office needs new computers. In any case, these things allow your business to do what it does best, but sometimes they need to be upgraded.
All businesses need some type of equipment, but often, businesses don’t have enough cash to buy it on the spot. This is where equipment leasing and equipment financing come in to play. Both of these options can get the business owner and the business the things it needs to succeed, but they work in slightly different ways. You, the business owner, have to decide which one will work best for your business’s particular need(s).
